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Oil Search rejects $8bn bid

2015-09-14 18:02:32| Oil & Gas - Topix.net

Oil Search rejected Woodside Petroleum's $8 billion takeover bid, saying the proposal undervalues the company's liquefied natural gas expansion plans in Papua New Guinea. "The feedback we got from all the major shareholders we consulted with confirmed that the proposal was one that should be rejected," Oil Search chairman Rick Lee said on a conference call Monday.

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KiK rejects criticism of Pakistan factory compensation

2015-09-09 15:21:00| Daily apparel & textile news and comment - from just-style.com

German retailer KiK says it is committed to ensuring high safety and social standards across its global manufacturing base, after being accused of failing to honour its long-term compensation pledge to victims of a deadly clothing factory fire in Pakistan.

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UK rejects four onshore wind power proposals in Wales

2015-09-08 01:00:00| Power Technology

The UK's Department of Energy and Climate Change (DECC) has revealed planning decisions for six wind power projects in Wales, with four having been denied permission.

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India rejects patent on Pfizer's arthritis drug

2015-09-07 11:48:19| Biotech - Topix.net

India has again denied Pfizer Inc a patent on its rheumatoid arthritis drug tofacitinib, the latest setback for a multinational drugmaker seeking to enforce its intellectual property rights in the country. Pfizer sought a patent that covers an important chemical formulation of the active compound in the medicine, but the Indian Patent Office said the company would have to establish that the compound for which it is seeking a patent is therapeutically more effective than the active compound.

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Texas Railroad Commission Rejects Quake Study

2015-09-03 14:35:09| Oil & Gas - Topix.net

Lynda Stokes, mayor of Reno, Texas, testified before the Texas Railroad Commission in 2014, voicing her concern about an increased number of earthquakes around Eagle Mountain Lake. The Railroad Commission regulates the oil and gas industry.

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